Wednesday, 22 February 2017

US equity indexes closed moderately higher, sp +14pts @ 2365. The two
leaders - Trans/R2K, settled higher by 0.4% and 0.7% respectively. VIX settled +0.7% at 11.57. Near
term outlook offers a touch of chop, but the sp'2400s and Dow 21000s appear due into early March. The US - and most other world markets, remain
'scary strong'.

sp'daily5

VIX'daily3

Summary

The short week began as last week ended... on a bullish note. There is little else to add, that I didn't already outline in the weekend post.
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Five years old

Its now half a decade since I started regular online postings about the world's most twisted casino.

As well as Flamingo, MM, and a wheel barrow of others who prefer emails, I do also want to thank a few of those people who first linked back to me in 2012, not least Chartrambler, Joe McVerry, and the now elusive 'Albertarocks'. There are others, some of whom are still listed within my blog links lists.

Things have greatly changed here of course, since I took my intraday posting to a subscription basis last May. To my mini legion of paying subscribers/supporters, I owe a great deal. That has been ticking along okay, and I'm still kinda surprised I finally got around to taking that very big personal leap.

I intend to eventually 're-brand' both my public and private sites to something that better describes me. For the moment, the increasingly aged and quirky online moniker of 'Permabear Doomster' still lives... but it won't be around forever.
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In other news...

The overly loud Mr C. has finally offered an ES target of 2650-2727 to be seen before year end. Interestingly, my own target of 2683 is right in the centre of that.

I continue to recognise that some of you get real pissy when I highlight anything from Oscar, but he has been posting on youtube for over a decade, and you have to respect him for at least that much.

Disclaimer: These pages (and especially all charts) are for informational purposes only. Most of the numerical data/calculations 'should' be correct. However, YOU make your own decisions as to if you think any comment or data point/chart is correct or not. All comments posted via Disqus/Google (or any other type) users may/may not be agreed with by yours truly.

I (Permabear Doomster) am not a financial advisor as officially endorsed by any national government, corporation, financial/securities regulatory authority in neither the USA, UK, or any part of the world. None of the posts/comments in these pages are intended as trading/investment advice. They are merely my opinion on where a given market/stock and any other 'instrument, index, etc' may move at any future time.